Audit & Risk Committee
As regulated under the Local Government Act 1999 Councils must have an Audit Committee. Chapter 8, Part 3, Division 2, Sect 126 sets out the requirements for an Audit Committee of Council and include details regarding the membership and functions.
The functions of an Audit Committee include:
(a) reviewing the Annual Financial Statements to ensure that they present fairly the state of affairs of the Council, and includes things such as;
- proposing, and providing information relevant to the Council's Strategic Management Plans or Annual Business Plans;
- examining, and reviewing any other matter relating to financial management, or the efficiency and economy with which the Council manages, or uses, its resources to achieve its objectives.
(b) liaising with the Council's auditor; and
(c) reviewing the adequacy of the accounting, internal control, reporting and other financial management systems and practices of the Council on a regular basis.
The Audit Committee Terms of Reference adopted by Council on 12 December 2012, and reviewed annually forms the basis of the functions of the Kangaroo Island Council Audit Committee.
Kangaroo Island Council Audit & Risk Committee
The Audit & Risk Committee membership currently comprises of:
Independent Chairperson: Mr Greg Connor, Mayor Pengilly, Cr Mumford, Cr Walkom & Mr P Murch (Independent Member).
The Audit & Risk Committee meets at least two times a year at appropriate times in the reporting and audit cycle and at any other time as required.
Notice of each meeting confirming the venue, time and date, together with an agenda of items to be discussed, is forwarded to each member of the Committee and observers, no later than 3 clear days before the date of the meeting.
Minutes of committee meetings shall be circulated within five days after a meeting to all members of the Committee and to all members of the Council and will (as appropriate) be available to the public.
Special Audit & Risk Committee Agenda - 2020-04-07https://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0041/566969/20200407-Special-Audit-and-Risk-Agenda.pdfAudit & Risk Committee, 07 Apr 2020,07 Apr 2020
Special Audit & Risk Committee Minutes - 2020-04-07 (Note meeting was adjourned and reconvened 9 April 2020)https://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0024/580191/20200407-Special-Audit-Risk-Minutes.pdfAudit & Risk Committee, 07 Apr 2020,07 Apr 2020
Audit & Risk Committee - Attachment 6.1 - 2020-02-26https://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0028/529147/20200226-6.1-IAMPs-attachment.pdfAudit & Risk Committee, 26 Feb 2020,26 Feb 2020
Audit & Risk Committee - Attachment 6.3 - 2020-02-26https://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0030/529149/20200226-6.3-Annual-Report_Nov-Cncl.pdfAudit & Risk Committee, 26 Feb 2020,26 Feb 2020
Audit & Risk Committee Agenda - 2020-02-26https://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0026/529145/20200226-Audit-and-Risk-Agenda-2.pdfAudit & Risk Committee, 26 Feb 2020,26 Feb 2020
Audit & Risk Committee Minutes - 2020-02-26https://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0026/533627/20200226-Audit-and-Risk-Minutes.pdfAudit & Risk Committee, 26 Feb 2020,26 Feb 2020
Audit & Risk Committee Minutes - 2019-11-04https://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0032/528539/20191104-Audit-and-Risk-Minutes.pdfAudit & Risk Committee, 04 Nov 2019,04 Nov 2019
Audit & Risk Committee Agenda - 2019-11-04https://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0019/312346/20191104-Audit-and-Risk-Agenda.pdfAudit & Risk Committee, 04 Nov 2019,04 Nov 2019 Kangaroo Island Council Audit &Risk Committee Agenda 4 November 2019 1. ……………………….…. Greg Georgopoulos Chief Executive Officer. NOTICE is hereby given that a Meeting of the Kangaroo Island Council Audit &Risk Committee is to be
Audit & Risk Committee Attachmentshttps://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0020/313553/20191104-Attachments.pdfAudit & Risk Committee, 04 Nov 2019,04 Nov 2019 Kangaroo Island Council GENERAL PURPOSE FINANCIAL STATEMENTS for the year ended 30 June 2019. A confident, growing and cohesive Community; Benefiting from a thriving economy based on strong tourism and primary production. Preserving our unique
Audit Committee 2019-04-17 Late Report 6.9https://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0011/312212/6.9-Late-Report.pdfAudit & Risk Committee, 17 Apr 2019,17 Apr 2019 6.9 Audit &Risk Committee - Replacement of Member - Late Report. Meeting Date 17 April 2019. Author Nicki Putland. Title Director Council Services. Senior Manager Greg Georgopoulos, A/CEO. Department Council Services. Attachments Nil. Executive